$689,000 - 60 Castlewood Place, Cambridge
Detached for Sale in Cambridge
109 days on market- MLS Number
- X12752726
- Property Type
- Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Cambridge
- Lot Size
- 4,381 sqft
- Listing Brokerage
- CITYSCAPE REAL ESTATE LTD.
Welcome to 60 Castlewood Place, a beautifully laid-out home tucked away on a quiet, family-friendly street in Cambridge. This versatile property offers generous living space, multiple bedrooms, and a finished basement, making it ideal for growing families, multigenerational living, or buyers seeking rental or in-law suite potential.Bright, Open-Concept Main FloorThe main level features a functional open-concept layout designed for everyday living and entertaining. The modern kitchen offers laminate flooring, ample workspace, and a window that brings in natural light. Flowing seamlessly into the living and dining areas, the space is highlighted by sliding doors with walk-out access to the side yard, perfect for summer BBQs or outdoor relaxation.A welcoming foyer with tile flooring provides direct walk-out access to the garage, adding everyday convenience. The main floor is completed by a 4-piece bathroom with window, offering both style and practicality.Comfortable & Well-Proportioned BedroomsThe primary bedroom is spacious and bright, featuring laminate flooring, a double closet, and a large window. Two additional bedrooms on the main and lower levels offer flexibility for children, guests, or home office use, each with closets and windows for natural light.Finished Basement with Exceptional FlexibilityThe fully finished basement expands your living space significantly and opens the door to multiple possibilities. It includes:A large family room with fireplace, perfect for cozy eveningsAn open-concept living areaA kitchenetteAdditional bedrooms, ideal for extended family or potential rental useThis level is perfect for in-law accommodation, teen retreat, or supplemental income, depending on your needs.
Estimate your monthly payments for this property
Estimated Payment
$3,534.93/mo
Includes CMHC insurance ($19,223)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Cambridge
Cambridge is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Cambridge
- •Convenient location in Cambridge
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Cambridge offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
60 Castlewood Place, Cambridge
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $626/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 109 days on site, this property has exceeded the typical selling timeline for Cambridge. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Cambridge are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Cambridge. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: Cambridge properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,871 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.